TN inks MoUs with Cochin Shipyard, Mazagon Dock for two greenfield shipyards

The Tamil Nadu government has announced the signing of two Memorandums of Understanding (MoUs) in the shipbuilding sector with state-run Cochin Shipyard and Mazagon Dock Shipbuilders to establish two greenfield commercial shipyards in the state. Cochin Shipyard Limited will invest Rs 15,000 crore to build a commercial shipbuilding yard. Mazagon Dock Shipbuilders, the premier war-shipbuilding yard in India, will also invest Rs 15,000 crore, said a report. 

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